What representation must an entity franchisee of Bigfoot Forestry make regarding its legal standing?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
- 6. DEVELOPER ENTITY. You represent that Part A of ATTACHMENT "A" includes a complete and accurate list of your Owners. Upon request, you must send us a resolution of the Developer Entity authorizing the execution of this Agreement, a copy of its organizational documents and a current Certificate of Good Standing. You may form a separate Entity to enter into each Franchise Agreement provided that: (a) the Person or Persons owning the Equity Interests (and the percentage of the Equity Interests owned) in each such Entity must be the same Person or Persons owning the Equity Interests (with the same percentage of the Equity Interests owned) in the Developer Entity; and (b) each such Entity guarantees the performance of all other Entities formed under the authority of this §6. Each Owner, and the spouse of each Owner who is a natural Person, must sign a Franchise Owner Agreement.
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
According to Bigfoot Forestry's 2025 Franchise Disclosure Document, if a franchisee is a business entity, they must provide certain assurances regarding their legal standing. Specifically, Part A of Attachment A to the Development Agreement must include a complete and accurate list of all owners of the Developer Entity.
Upon request from Bigfoot Forestry, the franchisee must provide a resolution from the Developer Entity authorizing the execution of the agreement. Additionally, the franchisee must supply a copy of the entity's organizational documents, such as articles of incorporation or operating agreement, to verify its structure and governance.
Bigfoot Forestry also requires a current Certificate of Good Standing for the entity. This certificate confirms that the entity is properly registered and in compliance with the laws of its jurisdiction. These requirements ensure that Bigfoot Forestry knows who the owners and controlling parties are and that the franchisee is a legally compliant entity.